Business
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783.46% higher penalty collected from ticketless rly passengers in NE
Guwahati: The Northeast Frontier Railway (NFR) has collected 783.46 percent higher penalty from ticketless passengers or travellers with irregular tickets in January to July this year compared to the same period of…
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India’s seafood exports rise 15pc to USD 1.99 billion in June quarter: Official
Kolkata: India’s seafood exports rose 15 per cent on-year to USD 1.99 billion in the first quarter ended June 2022, a senior official said on Friday. “In 2021-22, total exports were 7.76…
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Exports up 2.14pc to USD 36.27 bn in July; trade deficit at record USD 30 bn
New Delhi: India’s exports rose by 2.14 per cent to USD 36.27 billion in July while the trade deficit almost tripled to USD 30 billion during the month due to over 70…
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Hyundai to spend $424 mn to build AI research centre in US
Seoul: Hyundai Motor said on Friday it will spend $424 million to build an artificial intelligence (AI) research centre in the US to bolster its edge in robotics technology, an area it…
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Huawei’s revenue loss slows down amid Cloud push
Shenzhen: Chinese conglomerate Huawei on Friday posted nearly 6 per cent loss in revenue for the first six months of the year and its device business, which includes smartphones, fell 25.4 per…
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Samsung likely to sell 9 mn Galaxy Fold 4, Flip 4 foldables this year
New Delhi: The new Galaxy Fold 4 and Flip 4 foldable smartphone may see sales close to 9 million units this year, helping Samsung’s foldables market share to jump to 80 per…
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4.2 mn EVs sold in first half of 2022 globally, China leads
New Delhi: The world saw sales of 4.2 million electric vehicles in the first half of this year, a 63 per cent growth from the same period last year, a new report…
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Rupee falls 9 paise to 79.71 against US dollar in early trade
Mumbai: The rupee depreciated 9 paise to 79.71 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market and rising crude oil…
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Adani Group to invest Rs 57,575 crore in alumina mill in Odisha
New Delhi: Adani group will invest Rs 57,575 crore in setting up an alumina refinery in Odisha as the conglomerate run by richest Indian Gautam Adani adds one more business. In a…
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OPEC further lowers forecasts for global economy
Vienna: The Organisation of the Petroleum Exporting Countries (OPEC) has further revised down its forecasts for this year’s global economic growth and oil demand, following a previous downward revision in May. The…
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US startup Autonomy buys EVs worth $143 mn from Hyundai, Kia
Seoul: US electric vehicle subscription company Autonomy will buy 3,140 EVs from Hyundai Motor and its affiliate Kia to strengthen its fleet lineup. Autonomy has placed an official order to receive 1,640…
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Asian EV makers enjoy some advantages over Tesla
Chennai: As it has happened in the internal combustion engine (ICE) vehicle industry, the Asian automobile makers are expanding their offering and enjoy certain advantages over Tesla, said S&P Global Ratings in…
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Rupee falls 37 paise to close at 79.62 against US dollar
Mumbai: The rupee depreciated by 37 paise to close at 79.62 against the US dollar on Thursday despite sustained foreign capital inflows and a positive trend in equities. At the interbank foreign…
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IPO-bound OYO acquires Denmark’s holiday home chain Bornholmske Feriehuse
London: In line with its commitment to the ‘Invest in Denmark’ initiative, online hospitality major OYO has acquired Europe-based holiday homes operator Bornholmske Feriehuse, which aims to accelerate the growth of travel…
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Samsung aims to boost foldables to half of total smartphone sales by 2025
Seoul: Samsung Electronics aims to raise the ratio of foldable phones to half of its total smartphone sales by 2025, a top executive has said, after the tech giant unveiled its latest…
